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HCL Technologies to set up operations in AP with Rs 500 cr investment

AP has also allotted 42,000 square foot of space to HCL for a skill development centre

People walk in front of the HCL Technologies Ltd office at Noida, on the outskirts of New Delhi
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People walk in front of the HCL Technologies Ltd office at Noida, on the outskirts of New Delhi

BS Reporter Hyderabad

India's fourth largest global IT services company HCL Technologies(HCL) is all set to become the anchor client of an upcoming IT cluster being developed near Andhra Pradesh state's new capital Amaravati.

A senior AP government official said HCL chairman Shiv Nadar and chief minister N Chandrababu Naidu are likely to make a joint announcement about HCL Tech foray into AP next month.

AP investment promotion board, headed by chief minister Naidu, has already cleared the company's proposals, which entail an investment of Rs 500 crore in two phases, according to government officials. The company did not respond to queries related